The manufacturing production index (MPI) in June dropped 5.5% year-on-year, reflecting the downturn of the global economy and trade, says the Office of Industrial Economics (OIE). The drop in June marked two months in a row of declines. Aditad Vasinonta, the OIE’s deputy director-general, said the country’s output in June shrank for cars, auto parts, […]
Read MoreThe Cambodian Central Bank said economic growth remains robust so far this year and forecast that gross domestic product will expand by 7.1 percent in 2019. For in depth analysis of Cambodian Business, visit Capital Cambodia In its latest biannual report, the National Bank of Cambodia said economic growth this year will be supported by the […]
Read MoreThe Hanoitimes – As of July 15, the revenue collection reached VND777.7 trillion (US$33.54 billion), equivalent to 55.1% of the year’s estimate. Vietnam recorded a state budget surplus of VND51.5 trillion (US$2.22 billion) in the year to July 15, 2019, indicating a significant improvement from a budget deficit of VND35.9 trillion (US$1.54 billion) in the same […]
Read MorePETALING JAYA: Malaysia has missed its 2020 cashless target, as many still prefer cash transactions despite the boom in e-wallet platforms, according to Fitch Solutions Macro Research. Notably, Bank Negara has set some targets to migrate cash transactions to electronic payment systems under its Financial Sector Blueprint 2011-2020. The targets include increasing the number of […]
Read MoreBUSINESS sentiment for the second half of 2019 sank among manufacturers in Singapore on the back of global trade tensions, according to the latest quarterly survey by the Economic Development Board (EDB). A weighted 22 per cent of manufacturers expect a softer business outlook for the period between July to December 2019, while only a […]
Read MoreThailand’s tourism sector may see a modest boost in the coming months as Chinese tourists start returning to the country. Tourist arrivals from mainland China have been a key drag on Thailand’s tourism sector, which has been struggling over the past year. Arrivals expanded just 2.3 per cent year-on-year between July 2018 and July 2019, much […]
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